Hbt Financial, Inc. · NASDAQ:HBT
Hbt Financial — Merger or Acquisition (August 2022)
11 slides from Hbt Financial's merger presentation, Aug 23, 2022
Slide 1: Town and Country Financial Corporation Merger
STRICTLY PRIVATE AND CONFIDENTIAL Investor Presentation Town and Country Financial Corporation Merger August 23, 2022 HBT Financial, Inc.
Slide 2: Special Note Concerning Forward-Looking Statements
Special Note Concerning Forward - Looking Statements Certain statements in this presentation, including any statements regarding the expected timetable for completion of the prop ose d transaction, the results, effects and benefits of the proposed transaction, future opportunities and any other stat
Slide 3: Important Information and Where to Find It
Important Information and Where to Find It In connection with the proposed transaction, HBT and Town and Country intend to file materials with the SEC, including a Regi str ation Statement on Form S - 4 of HBT that will include a proxy statement of Town and Country and a prospectus of HBT. After the
Slide 4: Transaction Highlights
Transaction Highlights 3 • Merger with high - performing Illinois - based community bank continues HBT’s growth strategy • Partners two highly compatible franchises with shared relationship - based approach and commitment to the communities they serve • Franchise expansion in Illinois gaining entry
Slide 5: Transaction Summary
Transaction Summary 4 Buyer ▪ HBT Financial, Inc. (NASDAQ: HBT) ▪ Bloomington, IL ▪ Roots back to 1920 Seller ▪ Town and Country Financial Corporation (OTC: TWCF) ▪ Springfield, IL ▪ Established 1962 Consideration ▪ Shareholder election (subject to proration) of either 1.9010 common shares of HBT (f
Slide 6: Overview of Town and Country Financial Corporation
Overview of Town and Country Financial Corporation • Town and Country Financial Corporation (“TWCF”) was founded in 1962 and is based in Springfield, IL • TWCF operates in central Illinois through 10 branches in Springfield, Decatur, Lincoln, Quincy, Jacksonville, Bloomington, and metro - east St. L
Slide 7: Pro Forma Franchise Map
Pro Forma Franchise Map 6 TWCF (10) HBT (61)
Slide 8: Pro Forma Loan & Deposit Mix
Pro Forma Loan & Deposit Mix 7 MRQ Pro Forma¹ Note: Regulatory data as of or for the quarter ended June 30, 2022; 1 Loan composition and balances exclude purchase accounting adjustments Yield on Loans: 4.62% Yield on Loans: 4.21% Yield on Loans: 4.54% Cost of Deposits: 0.05% Cost of Deposits: 0.10%
Slide 9: Financial Impact
Financial Impact 8 Key Assumptions ▪ Anticipated cost savings of 28.5% of TWCF’s noninterest expense base ▪ $13.5 million in estimated pre - tax transaction expenses ▪ Loan Credit Mark of 1.53% gross loans at closing, or $9.6 million ▪ 62.4%, or $6.0 million pre - tax, of the Loan Credit Mark is for
Slide 10: Track Record of Successfully Integrating Acquisitions
Track Record of Successfully Integrating Acquisitions BankPlus Morton, IL $231mm deposits 2007 2012 Bank of Illinois Normal, IL FDIC - assisted $176mm deposits Western Springs National Bank Western Springs, IL FDIC - assisted $184mm deposits 2011 Citizens First National Bank Princeton, IL FDIC - ass
Slide 11: HBT Financial, Inc.
HBT Financial, Inc.